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i 14.J4 ivvny-iy/ RECORDED IN THE PUBLIC RECORDS OF JEFFREY R SMITH, CLERK OF COURT INDIAN RIVER COUNTY FL BK: 3498 PG: 417 Page 1 of 4 12/30/2021 1:32 PM AGREEMENT FOR DEED RESTRICTIONS ON REAL ESTATE THIS AGREEMENT for Deed Restrictions on Real Estate is entered into as of the J' day of December, 2021, by and between the Indian River County Solid Waste Disposal District, a dependent special district of Indian River County, whose address is 1801 27' Street, Vero Beach, FL 32960 ("District"), and MWI Corporation, a Florida for profit corporation, whose address is 33 NW 2,1d Street, Deerfield Beach, FL 33441 ("MWI"). WHEREAS, the District owns a ten -acre parcel of unproved land located on 911 Street SW, Vero Beach, FL 32967 on the south side of 9th Street SW and to the north of 13th Street SW; and WHEREAS, MWI owns a parcel of property at 7775 91h Street SW, Vero Beach, FL which lies adjacent to the east of the District's ten -acre parcel; and WHEREAS, MWI uses the 7775 9th Street SW location for operating their business of building, refurbishing and repairing large pumps and water control devices; and WHEREAS, in order to support the economic growth of Indian River County and encourage expansion of small local businesses, the District has agreed to sell MWI 10 acres of land that lies adjacent to MWI's existing operation, as depicted on the sketch and legal description attached as Exhibit "A", herein after referred to as the "Property"; and WHEREAS, MWI consents to have the following deed restrictions placed on the Property. NOW THEREFORE, in consideration of the mutual undertakings herein, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree, as follows: 1. Recitals. The above recitals are true and correct and are incorporated herein. 2. Deed Restrictions. The following deed restrictions shall be placed against the Property, more specifically described in Exhibit "A" attached and incorporated by reference herein, prior to recording the County Deed to MWI: A) For a period of ten (10) years following the execution of this document, the Property shall not be sold to any other party without the consent of the Indian River County Solid Waste Disposal District. B) For a period of ten (10) years following the execution of this document, the District shall have a right of first refusal to purchase the property back from MWI at the Purchase Price paid by MWI on the date of the sale of the Property. C) For a period of ten (10) years following the execution of this document, MWI covenants that it will occupy and use the Property for building and repairing pumps and for the day to day operations of MWI, and for no other purposes. D) For a period of ten (10) years following the execution of this document, MWI shall not unify the title to the Property with any other property owned by MWI without consent of the District.